SSR Mining (NASDAQ:SSRM) Stock Rating Lowered by Wall Street Zen

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Friday.

SSRM has been the subject of a number of other research reports. National Bankshares reaffirmed a "sector perform" rating on shares of SSR Mining in a research report on Wednesday, April 23rd. National Bank Financial raised shares of SSR Mining to a "hold" rating in a research note on Friday, March 21st. UBS Group boosted their target price on shares of SSR Mining from $12.10 to $12.35 and gave the company a "buy" rating in a research note on Friday, April 11th. Cormark raised shares of SSR Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, April 22nd. Finally, CIBC upped their price target on shares of SSR Mining from $8.25 to $9.75 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.03.

SSR Mining Stock Down 0.1%

Shares of SSRM traded down $0.01 during midday trading on Friday, hitting $12.74. The company had a trading volume of 3,553,221 shares, compared to its average volume of 2,623,804. The company's 50 day moving average price is $10.82 and its 200 day moving average price is $9.21. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -9.88, a PEG ratio of 0.37 and a beta of -0.13. SSR Mining has a 52 week low of $4.32 and a 52 week high of $13.33. The company has a quick ratio of 1.97, a current ratio of 4.70 and a debt-to-equity ratio of 0.08.

SSR Mining (NASDAQ:SSRM - Get Free Report) TSE: SSO last announced its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.21. SSR Mining had a negative net margin of 26.24% and a positive return on equity of 1.46%. The business had revenue of $303.43 million during the quarter, compared to the consensus estimate of $332.64 million. On average, equities research analysts predict that SSR Mining will post 0.73 EPS for the current year.

Institutional Trading of SSR Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bleakley Financial Group LLC raised its holdings in shares of SSR Mining by 3.9% in the 1st quarter. Bleakley Financial Group LLC now owns 26,466 shares of the basic materials company's stock worth $265,000 after purchasing an additional 1,005 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of SSR Mining by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,794 shares of the basic materials company's stock worth $289,000 after purchasing an additional 1,089 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of SSR Mining by 0.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 241,415 shares of the basic materials company's stock worth $1,686,000 after purchasing an additional 1,200 shares in the last quarter. Xponance Inc. raised its holdings in shares of SSR Mining by 9.3% in the 4th quarter. Xponance Inc. now owns 14,387 shares of the basic materials company's stock worth $100,000 after purchasing an additional 1,222 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of SSR Mining by 0.5% in the 4th quarter. CIBC Asset Management Inc now owns 248,064 shares of the basic materials company's stock worth $1,729,000 after purchasing an additional 1,282 shares in the last quarter. 68.30% of the stock is currently owned by institutional investors.

About SSR Mining

SSR Mining Inc, together with its subsidiaries, engages in the operation, acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina. The company explores for gold doré, copper, silver, lead, and zinc deposits. Its mines include the Çöpler, located in Erzincan province, Turkey; the Marigold, located in Nevada, the United States; the Seabee, located in Saskatchewan, Canada; and the Puna, located in Jujuy province, Argentina.

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